FKLI Futures Trading - Bursamalaysia
This will chronicle trading in the FKLI & FCPO futures. If you don't like what you see/read in this blog, just surf away. These opinions are our personal opinions and just a record of our thoughts..."In evolution, it’s not the biggest, the fiercest nor the smartest that survive, it’s the one that changes the fastest.” I.e. the key word is to adapt the trading style to the markets, until it stops working
Saturday, July 30, 2011
More silliness i Washington. ot looking good for equity markets...
From Reuters: Answers to the biggest 7 'what if' of debt default.
Human nature, it never changes. We saw is in 2007-08 global financial crisis. Back then it was the human greed of Wall St fat cat investment bankers and all the bonus chasing baners around the world, chasing yield, being creative and cheating the system. Now we see the politicians in Washington succumbing to reversion to being children again.... BUT if there is a CRASH in the Dow..... here lies OPPORTUNITY for the nimble trader.
Women's British Open
Friday, July 29, 2011
Never before have so many idiots gathered in one location
Thursday, July 28, 2011
These two figures will go down i ifamy and history as the ones that drove the USA to the brink of debt default.(pokai), ad all for personal political gain. Shameful. The situation highlight how wealthy and rich individuals and countries say the USA are actually addicted to money and debt. Their apparent wealth is actually phoney as it is built on debt. The same goes to the person who draws admirers for driving luxury cars such as a BMW ad lives in a bungalow house. One won't know what is under the surface, it could be all buit from OPM.(Other People's Money form the bank)
A nice rebound on 5 min NQ futures....
this guy says 2800 on fcpo by September. The clock is ticking, though the time is very far away, as well as the price.... Might as well have a more accurate prediction eg palm oil will trade between 1500 and 3800 by September... But as my trader friend always say, "let them be la, we need their comments to gauge sentiment and trade off of..."
Wednesday, July 27, 2011
World Cup qualifier: Malaysia v Singapore
KL tomorrow night at least this will be the biggest match in recent history for the Malaysian team, who lost 5-3 in the first leg in the Lion city last week. Live on Astro....
Preview of all the matches.
Tuesday, July 26, 2011
Monday, July 25, 2011
Sunday, July 24, 2011
He crushed his nearest rivals with a well ridden time trial in the penultimate stage, leading Andy Schleck by 1 min 34 sec. He will wear the yellow jersey into the last stage in the 95km last stage of the race. This is why arresting people for wearing yellow is so tragically stupid and silly
Saturday, July 23, 2011
Tour de France consludion
Friday, July 22, 2011
Golden yacht- ywwn, does nothing for me, who cares? A symptom of the way humans waste resources on this planet. Ever heard of philantrophy? And when you think that we have millions facing starvation in East Africa.... golden yacht with 100 tonnes of gold and platinum is nothing to be admired. Human nature, it never changes.
Thursday, July 21, 2011
that you need to develop:
Stick to your trade plan
Control over emotions
Time & Focus"
Wednesday, July 20, 2011
Tuesday, July 19, 2011
Monday, July 18, 2011
What is the root cause?
Basically it is back to the age old human nature of 'fear and greed'. The chase for yield that bankers go for causes them to buy bonds such as Greece etc, just to get the extra 1 to 2% of yield, so that they can enrich themselves by having the bank pay them big bonuses. In the end the shareholders and the bank are left holding the bag, while the greedy 'fat cat' bankers become millionaires. What does Obama and ECB do about it? Nothing because those are their friends. Cronyism is truly alive...
lifting the Women's World Cup overnight by beating the USA on penalties, after the score was locked at 2-2 after extra time.
oldies, Darren Clarke 42 blasted his way overnight to the Open Championship title at Royal St Georges course.
Sunday, July 17, 2011
Saturday, July 16, 2011
From the book "Trend Trading" Daryl Guppy
lt is almost as if we are two different people. We are Dr jekyll when we open a trade, full of hope, conﬁdent we have made the right decision, and yes, a little greedy because we know this trade is going to make us money. We even have a plan to tell us when to get out to take a small protective loss, and when to get out to capture at good, but not too greedy, profit. On paper, we are the perfect Dr Jekyll. We are responsible, respectable, calm, rational and the model of a
good trader. This is not accidental. All of us feel very much like this when we buy stock. We are backing our judgment and analysis, often with signiﬁcant sums of money. We are intelligent people. We know and understand the consequences of surrendering to emotion, of ignoring losses and using the market as ll tool to gamble on hope. We are not idiots, although later we might feel this way.
So what happens when we buy the stock? V/hat does Dr Jekyll do? He turns into Mr Hyde. All our planning goes out the window as We surrender to our emotions. and this is made easier because we are not in a social situation. There is nobody to remind us we are doing anything wrong. Ignoring a stop loss is easy. Surrending to irrational fear seems a natural response. We ignore losses by refusing to look at the trading screen. When the market report segrnent is due on the evening news, we go to the toilet. We find a delightful range of avoidance activities to prevent us from catching the important details about how our stock is performing. Yet, through this self-imposed fog of avoidartoe hear the commentalor when he mentions that our share has gone We bring selective deafness to a new level not achieved since we were teenagers.
I know many traders who hold o to the losing position eg in cpo futures short, with the price 200+ points against them who just choose to get into this 'fog of avoidance'. And the amazing thing is when they get lucky and the position swings 100+ in their favour, they still ignore details, citing excuses such as "I am not able to access prices or the trading platform. But I have a trailing stop in at X price". The inevitable then then happens , prices swing up to the stop loss level. Outcome? I think they will still be 'foggy'. Human nature, it will never change...
Friday, July 15, 2011
Thursday, July 14, 2011
Proposed change in trading hours
"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore
THE END OF AN ERA
From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system